Frontdoor Inc. (NASDAQ:FTDR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Frontdoor Inc. (NASDAQ:FTDR) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $92.60.

A number of research analysts recently weighed in on the company. Wolfe Research raised Frontdoor to an “outperform” rating in a report on Monday, August 24th. Oppenheimer raised their target price on Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Benchmark boosted their target price on shares of Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Truist Financial upped their price target on shares of Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of Frontdoor in a report on Friday, August 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FTDR. BlackRock Inc. acquired a new stake in Frontdoor in the 2nd quarter valued at about $859,552,000. Boston Partners raised its position in Frontdoor by 8.5% during the fourth quarter. Boston Partners now owns 5,777,252 shares of the company’s stock worth $333,742,000 after acquiring an additional 454,040 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Frontdoor by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 1,887,029 shares of the company’s stock valued at $108,879,000 after purchasing an additional 27,237 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Frontdoor by 1.3% in the first quarter. Renaissance Technologies LLC now owns 1,849,787 shares of the company’s stock valued at $97,780,000 after purchasing an additional 23,800 shares in the last quarter. Finally, Reinhart Partners LLC. grew its position in shares of Frontdoor by 4.0% in the second quarter. Reinhart Partners LLC. now owns 1,684,065 shares of the company’s stock valued at $130,668,000 after purchasing an additional 64,561 shares during the last quarter.

Frontdoor Stock Down 1.3%

Shares of NASDAQ:FTDR opened at $79.50 on Friday. The firm has a fifty day moving average price of $79.51 and a 200 day moving average price of $69.67. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market cap of $5.48 billion, a P/E ratio of 21.09 and a beta of 1.50. Frontdoor has a 1-year low of $48.47 and a 1-year high of $93.43.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.17. The business had revenue of $645.00 million for the quarter, compared to the consensus estimate of $643.40 million. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 earnings per share. Sell-side analysts predict that Frontdoor will post 4.67 EPS for the current year.

About Frontdoor

Frontdoor, Inc is a provider of home warranties and home service plans in the United States. The company helps homeowners manage the cost and convenience of repairing or replacing covered household systems and appliances, including heating and cooling equipment, plumbing, electrical systems and kitchen appliances.

Frontdoor operates through well-known brands that include American Home Shield, HSA Home Warranty and 2-10 Home Buyers Warranty. Its offerings are sold directly to consumers and through real estate professionals, builders and other business partners, with plans and services designed for homeowners, home sellers and home buyers.

Frontdoor became an independent public company in 2018 after separating from ServiceMaster, now known as Terminix.